Sirius XM (SIRI) to Release Quarterly Earnings on Thursday

Sirius XM (NASDAQ:SIRI) is expected to post its quarterly earnings results before the market opens on Thursday, January 30th. Analysts expect Sirius XM to post earnings of $0.63 per share and revenue of $2.17 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Sirius XM Stock Up 0.8 %

Shares of SIRI opened at $22.06 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37. Sirius XM has a one year low of $20.47 and a one year high of $53.50. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of -3.48, a PEG ratio of 1.11 and a beta of 1.05. The stock has a 50 day moving average price of $23.85 and a 200 day moving average price of $27.11.

Sirius XM Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, February 7th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend is Friday, February 7th. Sirius XM’s payout ratio is -17.03%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Morgan Stanley lowered their price objective on Sirius XM from $23.00 to $21.00 and set an “underweight” rating on the stock in a research note on Thursday, January 23rd. Guggenheim reissued a “buy” rating and set a $30.00 price objective on shares of Sirius XM in a research note on Wednesday, December 11th. Wells Fargo & Company lowered their price objective on Sirius XM from $22.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, December 19th. Seaport Res Ptn lowered Sirius XM from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, StockNews.com initiated coverage on Sirius XM in a research note on Wednesday, November 13th. They set a “sell” rating on the stock. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sirius XM has an average rating of “Hold” and an average price target of $27.42.

About Sirius XM

Sirius XM Holdings Inc operates as an audio entertainment company in North America. It operates in two segments, Sirius XM, and Pandora and Off-platform. The company’s Sirius XM segment provides music, sports, entertainment, comedy, talk, news, traffic and weather channels, and other content, as well as podcast and infotainment services on subscription fee basis; and live, curated, and exclusive and on demand programming services through satellite radio systems and streamed through applications for mobile and home devices, and other consumer electronic equipment.